LM Funding America, Inc. Announces the Appointment of Marty Traber to its Board of Directors

TAMPA, FL, April 30, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced the appointment of Marty Traber to the Company’s Board of Directors. Mr. Traber, who previously served as a director for the Company from 2015-2021, replaces Todd Zhang, who is retiring from the board.

Mr. Traber is currently the Chairman of the Skyway Capital Markets Group, where he oversees the organization’s strategic planning and growth, building on more than 40 years of experience in securities law and corporate finance. He is also a former partner of the international law firm of Foley & Lardner LLP, in Tampa, Florida, where he served in the firm’s Transactional & Securities and Private Equity & Venture Capital practices and was a member of its Technology Industry team. He is a founder of HCI Group, Inc., a New York Stock Exchange-listed company headquartered in Tampa that engages in various business activities, including homeowners’ insurance, reinsurance, real estate, and information technology where he also served on Its board from 2006 – 2018. From 2012 to 2013, he also served on the Board of Directors of Exeter Trust Company, Portsmouth, New Hampshire. He also joined the Board of Directors for Mad Mobile in March 2019. A founder of NorthStar Banking Corporation in Tampa, he served as a member of the Board of Directors of the bank holding company from 2007 to 2011. From 2009 to 2014, Mr. Traber served on the Board of Directors of JHS Capital Holdings, Tampa, and from 2010 to 2016, he served on the Advisory Board of Platinum Bank, Tampa. He has also advised a number of community banks from formation through ongoing operations and, in some cases, acquisition. In 2017, he was appointed to the Advisory Board of Retail Service Systems, LLC, Columbus, Ohio. Mr. Traber holds a Bachelor of Arts degree from Indiana University and a Juris Doctor degree from the Indiana School of Law, Indiana University, where he graduated magna cum laude and first in his class.

Bruce Rodgers, Chief Executive Officer of LM Funding America, Inc. commented, “We are pleased to have Marty Traber rejoin the LM Funding Board of Directors and welcome the return of an investment banking viewpoint to our board. Marty works as an investment banker in the capital markets every day and we believe that current market insight will help inform our decisions as we seek to grow our Bitcoin mining operations and continue to hold Bitcoin on our balance sheet. Additionally, we would like to express our appreciation to Todd Zhang for his significant contributions during the ramp up of our Bitcoin mining operations and wish him success in his future pursuits.”